Dallas,TX (PRWEB) January 13, 2015
Global research firm has published a report on the Global Workflow Management Systems Market 2015-2019, which is expected to grow at a CAGR of 28.77 percent during the forecast period of 2014-2019.
Organizations are progressively implementing workflow management systems because they increase productivity, efficiency, help in better utilization of time, generate more revenues, offer quick response time to customer queries and provide quality customer service. Therefore, low costs and increased revenue result in enhanced profitability and great business value for organizational success.
The demand for message-based workflow management systems has increased with the increase in sales of smartphones.
Because of the growing adoption of cloud computing, companies are embracing workplace mobility and allowing employees to use smartphones, tablets and other devices for work-related tasks when they are on the move.
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Global Workflow Management Systems Market 2015-2019 is a new industry research report which profiles key players like HP, IBM, Oracle and SAP.
Other Prominent Vendors in the market are Appian, Bosch, EMC, Fujistu, Network, Automation, Newgen Software, OrangeScape Technologies, PaperSave, Pegasystems, PNMsoft, Software AG and Tibco Software.
- Need to Increase Productivity and Efficiency
- High Cost Associated with Implementation
- Increased Demand for Cloud-based Workflow Management Systems
List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: Workflow Management System Architecture
Exhibit 3: Global Workflow Management System Market Lifecycle 2014
Exhibit 4: Workflow Management System Market by Deployment Model 2014
Exhibit 5: Global Workflow Management System Market 2014-2019 (US$ billion)
Exhibit 6: Global Workflow Management System Market by Deployment Model 2014
Exhibit 7: Global Workflow Management System Market by Deployment Model 2014-2019 (percentage)
Exhibit 8: Difference between Cloud-based and On-premises Model
Exhibit 9: Global On-premises Workflow Management System Market 2014-2019 (US$ billion)
Exhibit 10: Global Cloud Workflow Management System Market 2014-2019 (US$ billion)
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One major trend in the market is an increase in focus on Big Data and social networking. Both Big Data and social networking generally develop a huge amount of data that needs to be distributed for better use of data centers. Thus, organizations use scheduling and automation software for proper allocation of the data at proper time periods.
In the past, SMEs had limited options when adopting a system that would ensure optimal business performance. This was because they did not require or could not afford all the features of enterprise-class software systems. Their options were limited to freeware, low-end or open-source solutions that mainly focused on server or network monitoring. In the last few years, many SMEs have become increasingly aware of the significance of complete visibility of their operational performance and its impact on their businesses. This trend has created an opportunity for ECM solution vendors to develop new versions of their products and attract SMEs, thus improving their presence in this market. Also, with growing operations, SMEs need to find a solution for their content, storage and other features. These needs are encouraging SMEs to shift toward ECM solutions.
An increasing number of global organizations take advantage of some form of cloud computing. The majority of these organizations use both private and public cloud storage infrastructures, commonly known as a hybrid cloud. Organizations are increasingly moving / backing up their critical and sensitive applications on the cloud. Moreover, many organizations are developing mobile and analytics solutions directly in the cloud. The hybrid cloud provides the advantages of both public and private cloud and hence, delivers infrastructure solutions that minimize downtime, ensure enterprise information security and reduce operating costs.
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